No Tax On Black Fungus Medicine, 5% GST To Continue On Covid Vaccines

No tax will be charged for medicines like Tocilizumab and Amphotericin B, used for treating Black Fungus, the GST Council said

Tax on medicines, some hospital equipment and other items needed in the fight against COVID-19 has been reduced by the Goods and Services Tax Council. The tax cut is based on recommendations by a Group of Ministers amid the pandemic, whose crippling effects on the economy has also hurt household finance, the constitutional body that decides rates for the GST has said. No tax will be charged for medicines like Tocilizumab and Amphotericin B, used for treating Black Fungus, an opportunistic fungal disease that affects people infected with Covid. The tax cuts are valid till September 30, and may be extended nearer the deadline. Covid vaccines continue to be charged a GST of 5 per cent.